Investor Presentaiton
Consolidated financials 9M 2021 (USD million)
Income Statement (USD million)
Interest Income
Interest Expense
Net Interest Income
9M-2020 9M-2021
YoY Growth
(%)
Balance sheet (USD million)
September- September- YoY Growth
2020
2021
(%)
1,956
1,630
(17%)
Cash and short term funds
14,603
17,291
18%
736
375
(49%)
Central Bank of Kuwait bonds
2,754
2,754
0%
1,220
1,255
3%
Kuwait Government Treasury bonds
1,583
1,481
(6%)
Murabaha and other Islamic financing income
561
566
(1%)
Deposits with banks
3,681
2,749
(25%)
Loans, advances and Islamic financing to customers
58,460
62,855
8%
Distribution to depositors and Murabaha costs
215
156
(27%)
Investment securities
15,362
15,859
3%
Net Income from Islamic financing
347
410
18%
Investment in associates
21
14
(34%)
NII and NI from Islamic financing
1,567
1,664
6%
Land, premises and equipment
1,411
1,481
5%
Net fees and commissions
364
410
13%
Goodwill and other intangible assets
1,935
1,928
0%
Other assets
914
1,356
48%
Net investment income
2
79
NM
Total Assets
100,723
107,767
7%
Net gains from dealing in foreign currencies
106
91
(14%)
Due to banks and other financial institutions
21,788
25,180
16%
Other operating income
58
13
(78%)
Customer deposits
58,012
57,567
(1%)
Non-interest income
530
593
12%
Certificates of deposit issued
3,145
4,544
44%
Net Operating Income
2,097
2,258
8%
Other borrowed funds
1,957
3,689
88%
Other liabilities
2,570
2,331
(9%)
Staff expenses
412
497
21%
Total Liabilities
87,472
93,310
7%
Other administrative expenses
251
298
19%
Share capital
2,271
2,384
5%
Depreciation of premises and equipment
83
85
2%
Proposed bonus shares
NM
Amortisation of intangible assets
4
4
0%
Statutory reserve
1,081
1,135
5%
Operating Expenses
750
883
18%
Share premium account
2,662
2,662
0%
Treasury shares
(130)
NM
Pre-provision profits (and impairments)
1,347
1,375
2%
Treasury share reserve
83
116
39%
Provision charge for credit losses and impairment losses
688
407
(41%)
Other reserves
4,545
5,105
12%
Operating profit before taxation
Equity attributable to shareholders
10,512
11,403
8%
659
967
47%
Perpetual Tier 1 Capital Securities
1,453
1,455
0%
Taxation
71
84
19%
Non-controlling interests
1,285
1,598
24%
Non-controlling interest
29
39
35%
Total equity
13,251
14,456
9%
Profit attributable to shareholders of the Bank
559
845
51%
Total liabilities and equity
100,723
107,767
7%
National Bank of Kuwait 29View entire presentation